revenue growth

NAMCOR Works to Overcome Financial Losses and Governance Issues

NAMCOR says the company is addressing serious financial challenges and governance failures, particularly in its trading division. Spokesperson Paulo Coelho says that despite revenue growth, losses reached N$1.3 billion in 2023, leading to a government bailout and ongoing efforts to strengthen controls, reduce debt, and improve transparency.

7 July, 2025

Business / Economics

South Africa’s Telkom completes first phase of retrenchment process

South Africa's Telkom has completed the first phase of its retrenchment process, affecting one-thousand-800 jobs. The telecoms giant reported a 1.9-percent revenue growth to 21-billion-rand, driven by strong revenue performance. CEO Serame Taukobong says the focus is on cutting operational costs and improving revenue mix to build a resilient company:

19 November, 2024

Africa

Kenya Airways’ operating profit skyrockets

One of Africa’s largest airlines, Kenya Airways, made an operating profit in 2023 – the first time since 2017. The AFP news agency quotes CEO Michael Joseph as saying, the $80mexcess is a "significant milestone". Part of the reason for the success was a more than 50% jump in revenue thanks to an increase in passenger numbers. The BBC further reports that Kenya Airways, which is partly owned by the […]

27 March, 2024